Oman Tenders

Oman is a potential gateway for trade between Asia and the Middle East. It has a middle income economy with crucial oil and gas resources. Oil is the most important factor in the Omani economy and it is the oil industry that is the catalyst for growth in gross domestic product (GDP). In addition, Oman's membership in the World Trade Organization (WTO) continues to liberalize its market. This will expose the country to even more foreign competition. It has a low inflation rate, a substantial trade surplus and notable foreign reserves.